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Cybercities, cybercentres will spur more MSC Malaysia companies

AvantiKumar | Dec. 12, 2013
MDeC points to the increase of MSC Cybercities and Cybercentres and urges homegrown companies to take advantage of funding incentives.

Lead - MSC Malaysia companies modified

Photo - One of the exhibitors during the showcase of Cybercities and Cybercentres.

 

Malaysia's national ICT agency Multimedia Development Corporation's new campaign to encourage more MSC [Multimedia Supercorridor] Malaysia status firms points to the availability of increased funding opportunities as well as world-class infrastructure shown by the MSC Malaysia Cybercities & Cybercentres Value Adding Programme.

During the launch, Multimedia Development Corporation (MDeC) director of Digital Enablement Division, Wan Murdani Mohamad, said,  "MSC Malaysia Cybercities and Cybercentres was founded on the principle of providing world-class physical and informational infrastructure while ensuring that MSC Malaysia status companies have the necessary support and access to programmes such as funding for technology companies."

"Beyond housing MSC Malaysia status companies, our Cybercities and Cybercentres play an important role in providing a conducive business environment and ecosystem that attracts ICT investors and nurturing local ICT companies to become global players," said Wan Murdani.

MSC Malaysia Cybercities and Cybercentres are the designated premises in which the MSC Malaysia Bill of Guarantees is offered to MSC Malaysia status companies, said Wan Murdani. "It is important to highlight that Cybercities and Cybercentres are not about property play, and similarly, they are not just a collection of office buildings with high-end infrastructure. Cybercities and Cybercentres go beyond that."

In addition, he said local and international ICT companies that have been granted the MSC Malaysia status operating in MSC Malaysia Cybercities and Cybercentres will enjoy "better infostructure and infrastructure readiness, which include power redundancies, multiple network facilities and service providers environment, full coverage for all cellular operators, wide array of voice, data and internet service availability, as well as a One-Stop-Centre to provide dedicated customer service to MSC Malaysia status companies."

To date, there are 31 MSC Malaysia Cybercities and Cybercentres nationwide. Starting with the Multimedia Super Corridor (MSC) Malaysia in Cyberjaya in 1996, MDeC has expanded the MSC Malaysia Cybercity status to five other locations around Malaysia. These include, KLCC, Technology Park Malaysia, KL Tower, Penang Cybercity 1 (PCC1) in Penang and Kulim Hi-Tech Park, Kedah.

 Funding opportunities

The event also included briefings from various fund managers, financial institutions and agencies such as Malaysian Technology Development Corporation (MTDC), Malaysia Debt Ventures (MDV), CRADLE and EXIM Bank on funding opportunities available for homegrown ICT companies and technopreneurs.

In addition, representatives from MDeC's Mobile App Grant / MSC Malaysia Integrated Content Development (ICON) programme and Innovation Capital divisions shared some of the current grants and training and development opportunities provided by MDeC to local app developers and innovators.

As of 31 December 2012, there are more than 1,300 MSC Malaysia status companies operating within MSC Malaysia Cybercities and Cybercentres.

 

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